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The Bretton Woods Agreement led to the creation of which one of the following institutions?
The correct answer is ?International Monetary Fund. The Bretton Woods Agreement was a conference held in July 1944 by delegates from 44 countries held in Bretton Woods, New Hampshire. The Bretton Woods Agreement created two important organizationsThe International Monetary Fund (IMF) The World Bank. While the Bretton Woods System was dissolved in the 1970s, both the IMF and World Bank have remained strong pillars for the exchange of international currencies. Important PointsThe International Monetary Fund:The International Monetary Fund (IMF) is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty.The IMF was originally created in 1945 as part of the Bretton Woods agreement.The International Monetary Fund (IMF) is headquartered in Washington, D.C. The organization is currently composed of 189 member countries, each of which has representation on the IMF's executive board in proportion to its financial importance. Additional InformationUnited Nations:The United Nations is an international organization founded in 1945. It is currently made up of 193 Member States. The UN aims to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations.Headquarters: New York, United States?United Nations Educational, Scientific and Cultural Organization:The United Nations Educational, Scientific and Cultural Organization (UNESCO) is a UN specialised agency.It is dedicated to contributing to the building of peace, the eradication of poverty, and sustainable development and intercultural dialogue through education, the sciences, culture, communication and information.International Labour Organization:The ILO was Established in 1919 by the Treaty of Versailles as an affiliated agency of the League of Nations.The ILO became the first specialized agency of the United Nations in 1946.It promotes internationally recognized human and labour rights.Headquarters: Geneva, Switzerland.
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